Bessent said the K-shaped economy 'is over.' Here's what financial experts say
First publishedAug 12, 22:06 UTC
Last updatedAug 12, 22:32 UTC · 6m ago
1 outlet
PBS NewsHour
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Answer
At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a "K shape," a term used to describe increasing financial inequality between high- and low-income households.
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In brief
- What's the story?
- At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a "K shape," a term used to describe increasing financial inequality between high- and low-income households.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 6m ago.
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Bessent said the K-shaped economy 'is over.' Here's what financial experts say
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organizationAmericansorganizationBessentorganizationHere'sorganizationK-shapedorganizationTreasury Secretary Scott BessentorganizationU.S
Sources (1)
Avg source rating 8.0/10Processing cluster
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